Market is dealing with several problems today:
1) Boeing down more than 3% after it delayed deliveries of its 787 Dreamliner for six months, due to problems assembling the plane. Though they say it won't materially hurt 20087 or 2008 earnings, it is still a surprise.
Other stocks in the aerospace group are weak:
2) Energy companies are
lowering earnings -- Chevron
, Marathon , Valero .
Combined with the lowering of
earnings by financials last
week, this means that third
quarter earnings estimates
for the S&P 500 as a
whole are now going to go
3) The market is also dealing with some contradictions:
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